Asian stocks fall as crude oil surge lifts bond yields
Asian equities fell Wednesday as soaring oil pushed global bond yields higher, reviving inflation-tightening concerns. MSCI Asia Pacific dropped 1%; South Korea’s Kospi fell 2.72% and Japan’s Nikkei 225 shed 2.27%.
Asian stocks fell on Wednesday, September 2, as soaring oil prices pushed global bond yields higher, raising concerns that renewed inflation could force central banks into tighter policy.MSCI's Asia Pacific index dropped 1% as South Korea's Kospi tumbled 2.72%, while Japan's Nikkei 225 shed 2.27% a…